LPL Financial LLC Cuts Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

LPL Financial LLC trimmed its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 11.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,794,864 shares of the company’s stock after selling 240,214 shares during the period. LPL Financial LLC’s holdings in iShares U.S. Medical Devices ETF were worth $106,292,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IHI. CreativeOne Wealth LLC purchased a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $438,000. Waverly Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 1st quarter worth $1,447,000. Jaffetilchin Investment Partners LLC grew its position in iShares U.S. Medical Devices ETF by 2.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 23,820 shares of the company’s stock worth $1,396,000 after purchasing an additional 491 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in iShares U.S. Medical Devices ETF in the first quarter valued at $281,000. Finally, Strategic Wealth Partners Ltd. raised its holdings in shares of iShares U.S. Medical Devices ETF by 10.8% in the first quarter. Strategic Wealth Partners Ltd. now owns 128,334 shares of the company’s stock valued at $7,519,000 after buying an additional 12,482 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $60.35 on Friday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $49.47 and a fifty-two week high of $60.88. The firm has a 50-day simple moving average of $59.18 and a 200-day simple moving average of $57.35.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.